SUBSTANTIVE Definition

SUBSTANTIVE is reality, real rather than apparent, as seen by an unbiased observer and not just the official view of management.

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SALES TURNOVER is the total amount sold within a stipulated time period, usually 12 months. Sales turnover is usually expressed in monetary terms but can also be in total units of stock or products sold.

LAG TIME is the period of time between two closely related events, phenomena, etc., as between stimulus and response or between cause and effect: a time-lag between the declaration of war and full war production.

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